Warner Bros. Discovery's stock plunges after disappointing movie performances of 'The Color Purple' and 'Aquaman' lead to sinking earnings. The media conglomerate reports a bigger-than-expected quarterly loss due to weak advertising market and Hollywood strikes. Despite a full-year profit from streaming, a $400M Q4 net loss causes a nearly 10% stock drop. The company misses revenue forecast but streaming business turns profitable in 2023. Warner Bros. Discovery halts merger talks with Paramount Global after several months of negotiations.
Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global, CNBC reported on Tuesday. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/rJEmwwsyNn https://t.co/azW3W2xBrB
Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/yWFoVA66O1 https://t.co/MRhf1tpxsl
melting ice cubes Warner Bros. Discovery halts merger talks with Paramount Global, sources say https://t.co/2Tap5ONct8
Warner Bros. Discovery, Paramount shares rise on report that merger talks have halted https://t.co/F3W77bMETD
Warner Bros. Discovery reportedly halts merger talks with Paramount. So what happens now? Here are some of the potential merger options. https://t.co/pBVNKd7Goo
Maybe a little dumpster dive tomorrow $WBD https://t.co/tGTJkLLRPA
Warner Bros Discovery halts merger talks with Paramount Global, per CNBC.
Warner Bros. Discovery ended its pursuit of a merger with rival Hollywood studio Paramount Global, CNBC reported https://t.co/o0ReaMSfcM
Warner Bros. Discovery Halting Merger Talks With Paramount Global | Report https://t.co/oKggMC7hXx
Warners Halts Paramount Merger Talks https://t.co/6vaq01eFoF https://t.co/OBHFXgh7k2
Merger talks between Warner Bros. Discovery, Paramount stall out https://t.co/FRmho3i8RX https://t.co/dWw9uoKTbm
Warner Bros. Discovery 'halts merger talks with Paramount Global' https://t.co/eluruCiT0K https://t.co/soyd9GpEIB
Warner Bros Discovery halts merger talks with Paramount Global, CNBC reports https://t.co/VJmdmtezr1 https://t.co/yx6OQsAn3y
Warner Bros. Discovery halts merger talks with Paramount Global: report https://t.co/3TSLjnUmGC https://t.co/8DR3vLtvZo
NEWS: Talks of any merger between Warner Bros Discovery and Paramount have been put on hold Conversations had initially heated up over December and January https://t.co/IzCz51uZmO
Warner Bros is no longer pursuing a merger with Paramount. (Source: https://t.co/e8qYkAPosG) https://t.co/NdQBtQEsTt
Warner Bros. Discovery Pauses Merger Talks With Paramount, Report Says https://t.co/AGO8AzRG8d https://t.co/CLtKhCJAz1
Hmmmm… so we’re back to November…were we ever really anywhere else? Warner Bros. Discovery halts merger talks with Paramount Global, sources say @CNBC https://t.co/JKoj9JMYVn
Looks like firing @CBS_Herridge wasn’t enough… “Warner Bros. Discovery halts merger talks with Paramount Global” https://t.co/X4wF7GKbL4
Warner Bros. Discovery has reportedly halted merger talks with Paramount Global https://t.co/ftN360wh8s
⚠️ WARNER BROS DISCOVERY HALTS MERGER TALKS WITH PARAMOUNT GLOBAL, CNBC REPORTS (Reuters) Warner Bros Discovery is no longer pursuing a merger with Paramount Global, halting talks after several months of kicking the tires on merging the media companies, CNBC reported on…
Warner Bros. Discovery halts merger talks with Paramount Global, sources say https://t.co/gSFSJF7Ndq
Warner Bros. Discovery $WBD reportedly halts merger talks with Paramount Global $PARA - CNBC
BREAKING: Warner Bros. Discovery is no longer pursuing a merger with Paramount Global as its shares trade near a 52-week low - CNBC
$WBD $PARA Warner Bros. Discovery Halts Merger Talks With Paramount Global, Sources Say - CNBC https://t.co/fFGuBV8IEW
Warner Bros. Discovery has halted Paramount Global merger talks, sources tell me. Pencils down. https://t.co/aem3KmrvJ0
Warner Bros. Discovery has reported worse-than-expected quarterly earnings mainly due to disappointing returns from its new 'The Color Purple' and 'Aquaman' releases. https://t.co/i3BWv5S9q6
Warner Bros. Discovery reported a significant milestone Friday, becoming the first major U.S. media conglomerate to post a full-year profit from its streaming business. But the TNT Sports parent posted a $400M fourth-quarter net loss, helping fuel a nearly 10% stock drop.
Warner Bros. Discovery's Good News Couldn't Obscure the Warning Signs in Q4 Results https://t.co/NZem85RRKE
Warner Bros. Discovery hasn't sold investors that simply shoring up its balance sheet is going to amount to anything. Shares close down 10% today after earnings miss estimates. https://t.co/EH5QIox090
Warner Bros. Discovery Keeps Cutting Earnings Expectations, How Soon Until They Pivot? $wbd @wbd https://t.co/Vnip67sTsb
“Warner Bros. Discovery shares drop 12% as company misses estimates, warns of 2024 cash flow headwinds” Article: https://t.co/vsBZ5MJm8M
Warner Bros Discovery’s Stock Tanks To Record Low https://t.co/xY8bJAsIo9 https://t.co/j3ekyMSU7R
Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on content generation. https://t.co/WLjipg4rkH
Warner Bros Discovery misses Q4 revenue forecast but streaming swung into profit in 2023 https://t.co/Z1QKj0ryED
Warner Bros. Discovery is hyping free cash flow. Investors don't appear to be buying it https://t.co/ZiY23aLWOS
Warner Bros. Discovery stock plunges as movie flops ‘The Color Purple,’ ‘Aquaman’ sink earnings https://t.co/Zlfk2GWkfG https://t.co/gGN6qUMqvv